BERNARD MARK PAUL

BERNARD MARK PAUL is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 100 CRESCENT COURT, SUITE 600, DALLAS, TX, 75201.

BERNARD MARK PAUL has worked at UBS FINANCIAL SERVICES INC. since May 05, 2009

Disclosure History

BERNARD MARK PAUL has 1 Disclosure Event(s).

Date: October 20, 2009
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES, INTER ALIA, THAT BEGINNING IN 2005 THE FINANCIAL ADVISOR FAILED TO FOLLOW INSTRUCTIONS REGARDING THE PURCHASE OF GOLD COINS, AND MADE UNSUITABLE INVESTMENTS IN HER ACCOUNT.
Settlement Amount: $75,000.00
Broker Comment: I CATEGORICALLY DENY ANY AND ALL OF THE ALLEGATIONS CLAIMED BY THE COMPLAINANT. OUR TEAM FOLLOWED THE SAME THOROUGH AND PRUDENT PLANNING PROCESS THAT WE HAVE USED WITH ALL OF OUR CLIENTS TO EVALUATE APPROPRIATE RISK GIVEN THE CLIENT'S OBJECTIVES. THIS PROCESS HAS BEEN THE FOUNDATION OF MY ADVISOR PRACTICE FOR 24 YEARS, WITHOUT A SINGLE PREVIOUS CLIENT COMPLAINT. FURTHERMORE, IN THE FOREGOING ARIBITRATION, WHICH WAS SETTLED AT MEDIATION FOR FAR LESS THAN THE $1,500,000 ORIGINALLY CLAIMED BY THE CLIENT, THIS SETTLEMENT DOES NOT REFLECT ANY ACKNOWLEDGEMENT OR ADMISSION OF ANY LIABILITY OR MISCONDUCT ON MY PART WHATSOEVER. CITIGROUP, WHICH DENIED ALL OF THE CLAIMS ASSERTED BY THE CUSTOMER, DID NOT ACKNOWLEDGE OR ADMIT ANY LIABILITY OR WRONGDOING AND RESOLVED THIS ISSUE STRICTLY TO AVOID THE POTENTIAL COST AND UNCERTAINTIES OF THE ARBITRATION FORUM. FINALLY, I DID NOT, NOR WAS I ASKED TO PERSONALLY CONTRIBUTE ANY AMOUNT TOWARDS THE SETTLEMENT OF THIS CASE.

More Information

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